Edition:
United States

Philip Shishkin

CFTC orders JPMorgan to pay $20 million in Lehman case

Apr 04 2012

WASHINGTON The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay $20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings Inc.

CFTC orders JPMorgan to pay $20 mln in Lehman case

Apr 04 2012

WASHINGTON The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay $20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings Inc.

House panel subpoenas MF Global executive to testify

Mar 21 2012

WASHINGTON A congressional subcommittee voted on Wednesday to issue a subpoena to a key employee of MF Global Inc, the futures-trading firm whose collapse in October triggered ongoing inquiries into the disappearance of more than $1 billion of customer money.

Insight: Bankers escape big penalties in FDIC failed bank cases

Feb 23 2012

WASHINGTON Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn't require borrowers to prove their incomes. When the housing bubble burst, First National got crushed in 2008 under the weight of bad loans that it could no longer resell to investors.

Bankers escape big penalties in FDIC failed bank cases

Feb 23 2012

WASHINGTON Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn't require borrowers to prove their incomes. When the housing bubble burst, First National got crushed in 2008 under the weight of bad loans that it could no longer resell to investors.

Insight - Bankers escape big penalties in FDIC failed bank cases

Feb 23 2012

WASHINGTON Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn't require borrowers to prove their incomes. When the housing bubble burst, First National got crushed in 2008 under the weight of bad loans that it could no longer resell to investors.

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